Articles

• Eurostat reports that the severe material and social deprivation rate for EU youth (aged 15-29) remained unchanged at 5.8% in 2025, matching the 2024 figure. • This rate is slightly lower than the 6.3% deprivation rate observed across the total EU population. • Significant regional disparities exist, with Romania (15.1%), Greece (14.7%), and Bulgaria (14.0%) recording the highest shares of deprived youth.

• Eurostat released 2025 data on household material welfare, showing that actual individual consumption (AIC) per capita across the 27 EU countries ranges from 73% to 145% of the EU average. • Luxembourg, Ireland, and the Netherlands reported the highest GDP per capita, while Greece, Bulgaria, and Latvia recorded the lowest levels. • The report emphasizes that AIC is a superior indicator of material welfare compared to GDP because it accounts for all goods and services used by households, including those provided by governments and nonprofits.

• Eurostat released the June edition of the European Statistical Monitor, a dashboard providing monthly and quarterly indicators on the EU's economy, environment, business, health, and work. • Key economic data shows employment reaching a historic high and labour market slack decreasing, while unemployment and job vacancy rates remained steady. • Mixed business trends were reported, with a mild increase in industrial production contrasted by a decline in retail trade volume and economic sentiment remaining below its long-term average.

• EU household energy consumption fell to 9.54 million terajoules in 2024, marking a 0.2% decrease from 2023 and the third consecutive year of decline since a 2021 peak of 10.98 million terajoules. • The residential sector accounted for 26.0% of the EU's total final energy consumption in 2024. • Natural gas remained the primary energy source for households at 29.4%, followed by electricity at 26.9% and renewables/biofuels at 22.8%.

• Eurostat has released a fully revamped edition of its "Key figures on European business" report to provide a comprehensive snapshot of EU business activity. • The updated publication features a more streamlined structure and introduces new indicators to improve data accessibility and relevance. • This overhaul matters as it ensures policymakers and analysts have the most up-to-date and comprehensive data on the European business landscape.

• US Treasury yields have climbed to their highest levels in over a year, coinciding with a stock market rally that has pushed equities toward all-time highs. • While investors fear these opposing trends cannot coexist, the author argues that rising yields are a global phenomenon that will disproportionately harm the US's global peers. • Developed economies such as the UK, Germany, and Japan are facing slower growth due to energy and bond-market conditions without the significant AI spending tailwinds benefiting the US.

• The U.S. House of Representatives is voting on historic impeachment articles against President Trump, escalating political tensions. • The proceedings, labeled 'TRUMP IMPEACHMENT LIVE,' involve key Democrats and Republicans debating charges related to recent executive actions. • This development could lead to Senate trial, impacting midterm election strategies and party unity.

Accusations refer to attack on Iran without congressional authorization and strikes on alleged drug smuggling boatsHouse Democrats filed six articles of impeachment against Pete Hegseth on Wednesday, accusing the defense security of “high crimes and misdemeanors”, in reference to the attack on Iran without congressional authorization and deadly strikes on suspected drug smuggling boats, among other official acts.The move comes as the Trump administration faces mounting scrutiny over recent foreign action, particularly the war with Iran. Continue reading...